$1,900,000 - 746 Termino Avenue, Long Beach

  • 0Beds
  • Baths
  • 5,219SQ. Feet
  • 0.13Acres

Great investment opportunity for a pride of ownership building on the edge of popular Belmont Heights that offers residential living within walking distance to the ocean, beach, restaurants and shopping. This 5 unit building offers a desirable mix of: (2) large 3 bedroom units, (one with 1.5 baths and the other 3 bedroom with 1 3/4 baths), and (2) 2 bedroom, 1 bath units and (1) 2 bedroom, 1.5 bath unit. The larger 3 bedroom units and 2 bedroom, 1.5 bath unit are upstairs, all offering good size bedrooms and closets. The building offers large units with a total sq. ft. of approx. 5,200 and the bonus of 7 one car garages (all walled and separate)- 3 garages in front and 4 garages in rear alley. Community laundry room with bonus owner storage. Exterior of building was painted a little over one year ago. Upgraded copper plumbing lines in most of the building. This is an excellent opportunity to acquire a quality portfolio asset in a great location with true rental upside and stable return. Tenants are all month to month. Long Beach is currently a non rent controlled city with great upside in rents and a high occupancy rate, offering a unique opportunity for investment in one of the more affordable and desirable coastal cities in Southern California.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19030133
  • Price:$1,900,000
  • Bathrooms:0.00
  • Square Footage:5,219
  • Acres:0.13
  • Year Built:1965
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:746 Termino Avenue
  • Area:Belmont Heights, Alamitos Heights (2)
  • Subdivision:Belmont Heights (BH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90804

Amenities

  • Parking Spaces:7
  • # of Garages:7

Interior

  • Appliances:Gas Stove
  • Heating:Wall Heater
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:2-5 Units/Acre

Additional Information

  • Date Listed:February 8th, 2019
  • Days on Market:72
  • Zoning:LBR3S

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Similar Neighborhoods to "Belmont Heights (BH)" in Long Beach, California

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Belmont Heights (bh)

Circle (ca)

  • City:
    Long Beach
  • Price Range:
    $699,000 - $7,850,000
  • Current Listings:
    7
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $411

Eastside (es)

  • City:
    Long Beach
  • Price Range:
    $699,999 - $4,275,000
  • Current Listings:
    11
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $371
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Provided By: Michael Trossen(01466702), Equity Brokers.

Based on information from California Regional Multiple Listing Service, Inc. as of April 22nd, 2019 at 5:17am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.